New Jersey § 17:14A-18 Certificate of authority to transact business

New Jersey Statutes

§ 17:14A-18 — Certificate of authority to transact business

New Jersey § 17:14A-18

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

This text of New Jersey § 17:14A-18 (Certificate of authority to transact business) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 17:14A-18 (2026).

Text

The commissioner shall issue a certificate of authority to a safe deposit company in which it shall be stated that the safe deposit company therein named has complied with the provisions of this chapter and is authorized to begin the transaction of business specified in the certificate of incorporation when he shall have verified by examination that: a. The certificate of incorporation has been filed as provided in R.S. 17:14A-15; b. The entire capital stock as stated in the certificate of incorporation has been fully paid in cash, unconditionally and without reservation; c. The cash paid in or the capital stock is on deposit in a banking institution in this State, without offset, claim or demand whatsoever, and subject to withdrawal upon demand; and d. Proof to the satisfaction of the com

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The commissioner shall issue a certificate of authority to a safe deposit company in which it shall be stated that the safe deposit company therein named has complied with the provisions of this chapter and is authorized to begin the transaction of business specified in the certificate of incorporation when he shall have verified by examination that: a. The certificate of incorporation has been filed as provided in R.S. 17:14A-15; b. The entire capital stock as stated in the certificate of incorporation has been fully paid in cash, unconditionally and without reservation; c. The cash paid in or the capital stock is on deposit in a banking institution in this State, without offset, claim or demand whatsoever, and subject to withdrawal upon demand; and d. Proof to the satisfaction of the commissioner that the proposed officers of the safe deposit company who will have control or supervision of the company's operations possess the qualifications, experience and character required for the duties and responsibilities with which they will be charged. A copy of the certificate of authority shall be filed in the department. L.1983, c. 566, s. 17:14A-18.